Freakonomics recently did a broadcast (you can find it here) giving a surprising explanation as to why the U.S. unemployment rate is so high.
To quote them:
So it appears that, while returns to education remain strong, there are far too many highly educated workers for the available jobs. We also make note in the podcast of a new paper by Hal Salzman, Daniel Kuehn, and B. Lindsay Lowell which argues that, for all the hand-wringing about the U.S.’s inability to educate (or import) a sufficient number of STEM workers, there is in fact no shortage of such workers and that only half of U.S. STEM graduates end up with a STEM (Science,Technology, Engineering, Maths) job.
What do you think? I know this topic of conversation has been widely discussed in our house! Do you think there are too many highly educated workers?